Must fully understand these risks and to take the appropriate measures to reduce our operating asset securitization risks to the smooth progress of our asset securitization.

必须充分认识这些风险并采取相应的措施，才能降低我国资产证券化的运行风险，促使我国资产证券化顺利进行。

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Group Company made their main operating asset securitizations which mean the actual control of listed companies placed all or most of its assets in listed companies through financial means.

集团公司将其全部或者主要经营资产证券化，即上市公司的实际控制人通过一定的金融手段将其全部或绝大部分资产置于上市公司旗下。

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This template, shown in Figure 10, represents multiple communities coming together on asset management policies and strategies while operating separate repositories.

该模板，如图10所示，表示在操作分别的存储库时，多个团体聚集到资产管理政策和策略上。

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The value of an operating asset are the net present value of expected free cash flows discounted to infinity.

ECONOMIST: Robert Wade replies

The plan for the Asian assets would involve Alibaba creating a subsidiary into which it would put several billion dollars of cash, plus an operating asset that Yahoo wants to buy using additional cash from Alibaba, almost like giving Yahoo a prepaid card for an asset of its choice, the people said.

WSJ: Yahoo Weighs Plan to Cut Alibaba Stake

Mr Ferrand was European chief operating officer for international asset management firm Aegon.

BBC: Christophe Ferrand